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Jumia Technologies AGJumia Technologies AGJumia Technologies AG

Jumia Technologies AG

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JMIA trade ideas

watching $JMIAAn overhyped stock, dubbed to be one of the "$AMZN wannabes" cohort. We see absence of buying pressure on the daily and weekly chart (no green bars). This implies no interest in buying dip, the last green bar seen had its low broken --> dip buyers got hurt. However we see it printing the daily 9 and sequential 13 and potentially a weekly 9 next week. Demark indicators are great at signaling selling exhaustion TIMING, although needs to be confirmed by price movement. I use these High-Low-Close bar and a coloring rule based on percent change and golden ratio to be my confirmations. I want to see green bar daily printed and have its high broken. Ideally by more green bars.
NYSE:JMIA
by kidze
$JMIA Time to WatchJumia is an interesting stock and was a pennystock until they got new management while back. It has recovered, but now it's markcap shows it returning back into a pennystock. At current levels I see an opportunity that you may want to build a position. News -Missed on ER, but they have 600mil in cash TA -Since I been watching, Jumia has about a 7-8% downside to $17.66 which was resistance back in Aug-Nov 2020. Next point of interest is 28.07 bringing a 45% unside move. -RSI is oversold leans bullish -MACD is still bearish and leans more bearish -Below the EMAs, which is bearish but could have an upside of 7% to try and turn bullish again. -High vpvr levels at $22 area Final Thoughts Overall it's a stock I would buy on speculation, but I'm in ASTR atm so I'll be watching it closely while I look for another trade after I make my gains in ASTR. Jumia has major investors supporting it and its a bet on the African Economy, so maybe do some research on Africa of Covid19 and see how much is being impacted. For myself I don't hear anything about Africa on this matter, so its one piece of news I'm unknown on. Overall I told my friend before it crashed it would hit $50, but now with its MC below $2bil I think its a major steal with a massive upside protentional by years end and maybe the short term.
NYSE:JMIALong
by nathanielx9